RIM CEOs Give Up Top Posts in Shuffle

BlackBerry-maker Research in Motion Ltd. said late Sunday its two co-chief executives and co-chairmen stepped down, and the board promoted one of RIM's chief operating officers, Thorsten Heins, to take the top job. In this video, Mr. Heins shares his message to employees.

By

Will Connors and

Chip Cummins

January 23, 2012

WATERLOO, Ontario—After 20 years together at the helm of Research In Motion Ltd., Jim Balsillie and Mike Lazaridis, the company's co-chief executives, turned over the top job late Sunday to a little-known insider as part of a board and management shuffle.

For months, investors have clamored for a significant strategic overhaul, fresh leadership or a sale of the company as the BlackBerry maker struggled to stay competitive with rivals Apple Inc. and Google Inc. amid operational blunders and a tumbling share price. The...